The Statistics Indonesia (BPS) announced on November 4 that the country’s economic growth reached 5.02 percent in the third quarter, the lowest level in more than two years.
The number of foreign tourists to Indonesia reached only 1.4 million in September, down 10.10 percent from the previous month, according to Statistics Indonesia.
Indonesia’s gross domestic product (GDP) growth could slow to 4.9 percent in 2020 and 4.6 percent in 2022 amid intensifying risks such as the escalating trade tension between China and the US, according to the World Bank.
Indonesia’s inflation was 0.68 percent in May, higher than the 0.44 percent registered in April due to high consumption during the month of Ramadan, according to Statistics Indonesia (BPS).
Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending.
The Thai Government plans to boost rice exports by negotiating sales directly with other governments with the hope to support around 13 million local farmers – 20 percent of the country’s population.
Indonesia posted a slower economic growth in the fourth quarter of 2016 and the country will have to struggle to get the rate above 5 percent this year.
Bank Indonesia (BI) has reported that the country’s foreign exchange reserves at the end of July increased by 1.6 billion USD to 111.4 billion USD, up from 109.8 billion USD in June this year.
Indonesia’s trade surplus expanded to 900 million USD in June from 380 million USD in May, the Jakarta Globe reported, quoting statistics of the Statistics Indonesia (BPS).
Indonesia’s inflation rate in December 2014 jumped to 8.36 percent
year-on-year from 6.23 percent in November and its trade balance
swung to a deficit after the country hiked fuel prices by 30 percent,
according to the Statistics Indonesia (BPS).
The Indonesian Government recently pledged to offer further protection
for endangered shark species by reducing fishing and exports of shark
fins, without overly harming the livelihoods of fishermen.
The Asian Development Bank (ADB) has revised down its 2013 gross
domestic product (GDP) growth forecast for Indonesia to 5.7 percent from
6.4 percent in April.
World
